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michiganfuture

www.michiganfuture.org. Our goal. A high prosperity Michigan. What state do we want to emulate?. 10 Most Prosperous States. Connecticut Massachusetts New Jersey Maryland New York. Wyoming Virginia Alaska New Hampshire North Dakota. Top 10 states in private income.

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michiganfuture

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  1. www.michiganfuture.org

  2. Our goal A high prosperity Michigan

  3. What state do we want to emulate?

  4. 10 Most Prosperous States Connecticut Massachusetts New Jersey Maryland New York Wyoming Virginia Alaska New Hampshire North Dakota

  5. Top 10 states in private income

  6. Traits of prosperous states • High proportion of wages from knowledge industries • High proportion of college grads • Big metro with higher per cap income than state • Largest city in that metro has high proportion of college grads

  7. What is the knowledge economy?

  8. Michigan’s income rank aligned with our college attainment rank

  9. Seattle Philadelphia Denver/Boulder Minneapolis San Diego 10 Most Prosperous Regions • San Jose/San Fran. • NY/Newark • Washington/Balt. • Boston/Worchester • Hartford

  10. Larger metros smarter

  11. Larger metros richer

  12. Metro Detroit vs. Metro Minneapolis 2010 Rank among 54 metros 1 million population or more

  13. Metro Grand Rapids vs. Metro Minneapolis 2010 Rank among 54 metros 1 million population or more

  14. High education industries growing in U.S. $46,749 $62,052 Employment change 2001-10 $34,732

  15. High education industries doing best in Michigan $55,840 $44,439 Employment change 2001-10 $36,115

  16. Our conclusion: The places with the greatest concentration of talent win!

  17. “In the 20th century, the most valuable assets to job creators were financial and material capital. In a changing global economy, that is no longer the case. Today, talent has surpassed other resources as the driver of economic growth.” - Governor Rick Snyder

  18. Big Trends in Jobs • Higher skills • Left brain to right brain • Ladder climbing to rock climbing 

  19. For more information about Michigan Future, our reports or what the media is saying, please visit our Web site at: www.MichiganFuture.org

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